But Arkell persisted. He declared that the expense of the trip to
Goldfield and back to Tonopah would be borne by the vendors of the
mines and that our return trip to San Francisco would be delayed only
one day. I left my grip, umbrella and cane in Tonopah, intending to
return the same evening, and boarded the automobile for Goldfield.
Arrived in Goldfield, we were escorted to the Simmerone. Arkell
appeared to be very much impressed, although he remarked to me a few
minutes later that he would not give $34 for the whole layout. And
therein he was wise. The Simmerone was later capitalized for 1,000,000
shares, each share of a par value of $1, ballooned on the San Francisco
and Goldfield stock exchanges to $1.65 a share, and then allowed to
recede to nothing bid, one cent per share asked. The rich ore "petered
out."
There was an indefinable something in the atmosphere of Goldfield--a
new, budding mining camp, at an altitude of 5,000 feet and on the
frontier--that stirred me, and I decided to stay awhile.
Arkell determined that he would go back to Tonopah and get an option on
the control of a mining company known as the Tonopah Home, which Mr.
Dunlap had mentioned to him in the automobile en route to Goldfield. He
said he would then go to San Francisco to promote it. The reason why he
decided to handle the Tonopah Home, I afterward discovered, was that it
was already incorporated and stock certificates had been printed,
thereby eliminating the delay and expense incident to preparing
something for the immediate consumption of the San Francisco public.
"How am I going to subsist here for a few days until I can begin to
make a living?" I asked Arkell.
"How am I going to get back to Tonopah and from there to San
Francisco?" Arkell asked me.
At that moment we stood in front of the Goldfield Bank and Trust
Company's building--a tin bank literally as well as figuratively. It
was constructed of corrugated iron and tin. A few months later, when
the bank went up the flume, the cash balance found in the safe
aggregated 80 cents.
"You take me into this bank and introduce me and I will cash a check,"
he said.
"A check on what?" I asked.
"On my bank in Canajoharie, New York," he said. "I was born and brought
up there, and they wouldn't let one of my checks go to protest.
Besides, I can get back to 'Frisco and protect it by telegraph, if
necessary, before it reaches Canajoharie."
We entered the bank. I introduced myself to the cashier as an Eastern
newspaper man, and then introduced W. J. Arkell as the former publisher
of _Leslie's Weekly_, _Judge_, and so on.
After a brief parley, Arkell exchanged his paper for real money to the
amount of $50. On leaving the bank, I said:
"Now, Bill, come across! I'm flat broke, on the desert."
He handed me $15. I was satisfied, because he needed all of the $35 to
get back to civilization.
"HUMAN INTEREST" VERSUS TECHNICAL MINING
Public-domain text, read in full here on John Shaqi.
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